Banking as a Service Provides a New Path for Digital Transformation, New Customer Acquisition, and Financial Inclusion

Key research questions

What are the challenges to banking growth and reaching untapped markets?

What new business models and product IT platforms will emerge?

What is banking as a service, and who will adopt it?

Abstract

Banking as a Service holds great promise for providing community-based financial institutions with a migration path to becoming fully digital financial institutions.

This report assesses the expanding ecosystem of banking business models and IT service delivery models. It then focuses on banking as a service (BaaS), a technology architecture and service delivery model for community-based financial institutions, Big Tech firms, and retailers seeking to offer digital banking services.

The report focuses on:

The market, business and technology drivers of digital banking in the cloud.

The current and future evolution of banking business models and IT platforms.

A detailed examination of BaaS.

The competitive impact of new banking models on financial institutions.